JS Money Market Fund (JSMMF) aims to provide a competitive return to its investors (with a periodic payout as may be set out by the Management Company) by investing in low risk, highly liquid, and short-duration portfolio consisting of money market instruments
JSMMF is an open-end Money Market Fund which maintains a portfolio of very low risk Money Market instruments. The Fund offers competitive returns versus prevailing Bank deposit rates, along with the flexibility to put in or take out your money at your convenience. JSMMF is an ideal solution for short-term savings.
If you are looking for secure and stable returns, with very low risk, and flexibility to access your money at any time, then JSMMF is an ideal option for you.
|Term Sheet JS Money Market Fund (JSMMF)|
|Launch Date||03 March, 2023|
|Fund Type||Open end Money Market Scheme|
|Minimum Investment||PKR 500|
|Asset Manager Rating||AM2+ by PACRA|
|Fund Stability Rating||AA+(f) by PACRA|
|Front End Load||upto 2% of NAV (subject to applicable duties/taxes)|
|Management Fee||Up to 1.5%|
|Listing||Pakistan Stock Exchange (PSX)|
|Trustee||Digital Custodian Company Limited (DCCL)|
|Auditor||Grant Thornton Anjum Rahman|
|Benchmark||70% three (3) months PKRV rates + 30% three (3) months average deposit rate of three (3) AA rated scheduled banks as selected by MUFAP|